Investment Rating - The investment rating for the company is "Buy" (maintained) [3] Core Views - The company achieved a revenue of 1.011 billion yuan in 2023, representing a year-on-year increase of 19%, while the net profit attributable to shareholders was 151 million yuan, a slight decrease of 1.74% year-on-year. The revenue growth was primarily driven by the acquisition of new automotive industry clients and the ramp-up of new product capacity. The slight decline in net profit was attributed to product price reductions and increased operating expenses [8][9] - The company has established long-term stable partnerships with over 30 automotive manufacturers, including major brands such as BYD, Changan Automobile, and SAIC General Motors Wuling. The expansion of high-quality client relationships is expected to inject vitality into performance growth [11] Financial Summary - The company's financial performance is projected to improve, with estimated net profits for 2024, 2025, and 2026 being 218 million yuan, 269 million yuan, and 324 million yuan respectively. The corresponding EPS for these years is expected to be 2.18 yuan, 2.69 yuan, and 3.24 yuan, with current stock prices reflecting P/E ratios of 16.1, 13.0, and 10.8 times respectively [8][9] - The company's gross margin for 2023 was 28.1%, with a net margin of 14.9%. The return on equity (ROE) was reported at 7.7% [6][8] Capacity and Production - The company increased its production capacity by over 35% in 2023, achieving a production capacity of 41.4764 million automotive fluid pipeline assemblies, with a utilization rate of 84.56%. The production capacity for new energy vehicle fluid pipeline assemblies reached 37.6213 million, accounting for 90.71% of total capacity [9] - The company completed the main capacity construction of its fundraising factory and expanded its existing facilities, with expectations for a further increase in capacity of over 30% in 2024 [9]

Financial Performance - The company's operating revenue for 2023 was ¥1,010,519,689.47, representing a 19.00% increase compared to ¥849,181,527.71 in 2022[19]. - The net profit attributable to shareholders for 2023 was ¥150,754,546.21, a decrease of 1.74% from ¥153,002,041.11 in 2022[19]. - The net profit after deducting non-recurring gains and losses was ¥131,276,733.76, down 13.27% from ¥150,940,562.01 in 2022[19]. - The net cash flow from operating activities decreased by 27.39% to ¥88,165,335.24 from ¥121,424,164.94 in 2022[19]. - Basic and diluted earnings per share for 2023 were both ¥1.72, a decline of 15.69% from ¥2.04 in 2022[19]. - Total assets increased by 132.06% to ¥2,298,850,775.50 in 2023 from ¥990,601,944.50 in 2022[19]. - Net assets attributable to shareholders rose by 215.17% to ¥1,955,528,134.24 in 2023 from ¥620,420,111.31 in 2022[19]. - The company achieved a revenue of 1,010.52 million yuan in 2023, representing a year-on-year growth of 19.00% due to an increase in customers and the continuous ramp-up of new products[62]. - Net profit for the year was 150.75 million yuan, a decrease of 1.74% compared to the previous year, primarily due to price reductions on existing products and increased operating expenses[62]. - Revenue from the new energy vehicle segment reached approximately 435 million yuan, marking a year-on-year increase of 28.32%, accounting for about 43.05% of total revenue[63]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 10 RMB per 10 shares (including tax) and to increase capital by 2 shares for every 10 shares held[4]. - The cash dividend distribution will account for 100% of the total profit distribution amount, with a cumulative distributable profit of 398,743,360.48 CNY[194]. - The company has established a cash dividend policy where at least 10% of the annual distributable profit must be distributed in cash, and at least 30% over any three consecutive years[191]. - In the case of significant capital expenditures, the minimum cash dividend ratio is set at 20% for companies in a growth phase[195]. - The board of directors has approved the profit distribution plan, which is pending approval from the annual general meeting[195]. Company Structure and Governance - The registered address of the company is located at 18 Gangning Road, Jiangbei District, Chongqing, with a postal code of 400026[15]. - The company’s website is http://www.cqsulian.com, providing access to further information and disclosures[15]. - The accounting firm engaged by the company is Tianjian Accounting Firm, located in Hangzhou, Zhejiang Province[18]. - The company’s stock code is 301397, and it is listed under the name "Sulian Shares" on the stock exchange[15]. - The company’s legal representative is Han Zongjun, who oversees the company's operations and compliance[15]. - The company has a dedicated board secretary, Han Xiao, and a securities representative, Yi Junping, for investor relations[16]. - The company has established a robust governance structure, ensuring compliance with legal regulations and enhancing operational efficiency[138]. - The board of directors held four meetings during the reporting period, focusing on strategic planning and development initiatives[139]. - The company has established an independent financial accounting department and a complete accounting system, ensuring no interference from shareholders in financial decisions[149]. Risk Management and Future Outlook - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, highlighting potential operational risks[4]. - The company faces risks related to macroeconomic conditions and industry policies, particularly the potential impact of economic slowdowns on the automotive sector[122]. - The company is exposed to raw material price risks, primarily for nylon materials, and has implemented strategies such as price agreements with suppliers and increasing domestic material sourcing to mitigate these risks[126]. - The company is increasing R&D investment to enhance its capabilities in developing components for NEVs, while also facing risks related to rapid technological changes and potential project failures[127]. - The company is addressing market competition risks by enhancing its technological capabilities, reducing costs through local sourcing, and improving service responsiveness to maintain and grow market share[129]. Research and Development - The company focuses on the design, research and development, production, and sales of automotive plastic fluid pipeline products, offering over 4,000 specifications across 7 major categories[41]. - The company is actively involved in the development of new energy vehicles, with a goal for new energy vehicle sales to account for 20% of total vehicle sales by 2025[40]. - The company has developed over 2,000 products, with a focus on lightweight materials and integrated fluid control components, aligning with industry trends towards vehicle lightweighting and energy efficiency[59]. - The company is actively investing in the development of new technologies and products related to battery management systems and hydrogen fuel cells, positioning itself as a leading integrator in the automotive and new energy fluid control systems market[60]. - The company has established a comprehensive technical testing center that has received national certification, enhancing its ability to conduct systematic testing for new energy vehicle thermal management systems[52]. Market and Industry Trends - The company is classified under the "automobile manufacturing" industry, adhering to relevant disclosure requirements[31]. - In 2023, China's automobile production and sales reached 30.161 million and 30.094 million units, respectively, marking a year-on-year growth of 11.6% and 12%[32]. - Sales of Chinese brand passenger vehicles reached 14.596 million units in 2023, with a year-on-year increase of 24.1%, capturing a market share of 56%, up by 6.1 percentage points[32]. - New energy vehicle production and sales in 2023 were 9.587 million and 9.495 million units, respectively, reflecting a year-on-year growth of 35.8% and 37.9%, with a market share of 31.6%[32]. - The overall development trend of the automotive industry remains positive, with significant growth potential in production and sales[34]. Employee and Management Information - The total number of employees at the end of the reporting period was 1,199, with 793 in the parent company and 406 in major subsidiaries[184]. - The company has a total of 54,450,000 shares held by its directors and senior management, with no changes in shareholding during the reporting period[155]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 6.7286 million[176]. - The company has established a competitive compensation management system to ensure fair and reasonable employee remuneration[185]. - The company aims to create a harmonious work environment while implementing training plans to enhance employee skills and motivation[186]. Investment and Financing Activities - The company reported a total investment of ¥857,360,930.81 during the reporting period, a 159.75% increase compared to ¥330,066,093.18 in the same period last year[97]. - The company raised a total of RMB 133,228.27 million through its initial public offering, with a net amount of RMB 118,431.54 million after deducting issuance costs[102]. - The company has a remaining balance of RMB 70,461.26 million in raised funds, which includes interest income and cash management returns[103]. - The company has not engaged in any securities or derivative investments during the reporting period[100][101]. - The company has not reported any changes in the use of raised funds during the reporting period[109].

目 录 | 一、审计报告……………………………………………………… 第 1—6 | 页 | | --- | --- | | 二、财务报表……………………………………………………… 第 7—14 | 页 | | （一）合并资产负债表…………………………………………… 第 | 7 页 | | （二）母公司资产负债表………………………………………… 第 | 8 页 | | （三）合并利润表………………………………………………… 第 | 9 页 | | （四）母公司利润表………………………………………………第 | 10 页 | | （五）合并现金流量表……………………………………………第 | 11 页 | | （六）母公司现金流量表…………………………………………第 | 12 页 | | （七）合并所有者权益变动表……………………………………第 | 13 页 | | （八）母公司所有者权益变动表…………………………………第 | 14 页 | | | | 我们审计了重庆溯联塑胶股份有限公司（以下简称溯联股份公司）财务报表， 包括 2023 年 12 月 31 日的合并及母公司资产负债表，2023 年度的合并及母公司 利 ...

重庆溯联塑胶股份有限公司 2023年度内部控制评价报告 重庆溯联塑胶股份有限公司 2023 年度内部控制评价报告 重庆溯联塑胶股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求 （以下简称"企业内部控制规范体系"），结合重庆溯联塑胶股份有限公司（以下 简称"公司"）内部控制制度和评价办法，在内部控制日常监督和专项监督的基础 上，我们对公司截至 2023 年 12 月 31 日（内部控制评价报告基准日）的内部控制有 效性进行了评价。具体情况如下： 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有 效性，并如实披露内部控制评价报告是公司董事会的责任。监事会对董事会建立和 实施内部控制进行监督。经营管理层负责组织领导企业内部控制的日常运行。公司 董事会、监事会及董事、监事、高级管理人员保证本报告内容不存在任何虚假记载、 误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带 法律责任。 公司内部控制的目标是合理保证企业经营管理合法合规、资产安全、财务报告 及相关信息真实完整，提高经营效率和效果，促进实现发展战略。由于内部控 ...

中银国际证券股份有限公司 关于重庆溯联塑胶股份有限公司 2023年度内部控制自我评价报告的核查意见 中银国际证券股份有限公司（以下简称"中银证券"或"保荐机构"）作为重庆 溯联塑胶股份有限公司（以下简称"溯联股份"或"公司"）首次公开发行股票并在 创业板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交 易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第2号—— 创业板上市公司规范运作》《企业内部控制基本规范》等法律、法规和规范性文 件的要求，对《重庆溯联塑胶股份有限公司2023年度内部控制评价报告》进行了 核查，具体情况如下： 一、保荐机构进行的核查工作 保荐机构主要通过：（1）查阅公司董事会、监事会、股东大会等会议资料； （2）查阅年度内部控制评价报告、各项业务和管理规章制度等相关文件；（3） 与公司相关董事、监事、高级管理人员及有关人员沟通交流；（4）与公司聘任 的会计师事务所等中介机构相关人员沟通交流；（5）查阅相关信息披露文件； （6）查看生产经营现场等措施，从公司内部控制环境、内部控制制度建立和内 部控制实施情况等方面对其内部控制制度的合规性、有效性进行了核查。 二、内部 ...

重庆溯联塑胶股份有限公司 独立董事 2023 年度述职报告（李聪波） 重庆溯联塑胶股份有限公司 本人李聪波，作为重庆溯联塑胶股份有限公司（以下简称"公司"）的独立董 事，严格按照《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民 共和国证券法》（以下简称"《证券法》"）《上市公司治理准则》《上市公司独 立董事管理办法》等法律法规以及《公司章程》《独立董事工作制度》的规定，认 真履行独立董事职责，积极出席 2023 年度的相关会议，认真审议董事会各项议案， 对公司董事会审议的相关事项发表了独立客观的意见，忠实、勤勉地行使公司所赋 予独立董事的权利，充分发挥独立董事作用，切实维护了公司整体利益及全体股东 尤其是中小股东合法权益。现将本人 2023 年度履职情况总结如下： 一、独立董事的基本情况 本人李聪波先生，1981 年 11 月出生，中国国籍，无境外永久居留权，毕业于 重庆大学，博士研究生学历。2009 年 7 月至今，历任重庆大学机械工程学院（现机 械与运载工程学院）讲师、副教授、教授；2019 年 1 月至 2023 年 6 月，兼任重庆 大学校团委副书记；2022 年 9 月至今，担任公司独立 ...

证券代码：301397 证券简称：溯联股份 公告编号：2024-016 重庆溯联塑胶股份有限公司 关于 2024 年度向银行申请综合授信额度的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重庆溯联塑胶股份有限公司（以下简称"公司"）于 2024 年 4 月 9 日召开了 第三届董事会第七次会议和第三届监事会第七次会议，分别审议通过了《关于 2024 年度向银行申请综合授信额度的议案》，同意公司及纳入合并范围的子公司向银行 申请总额不超过人民币 13 亿元（含本数）的综合授信额度，该议案尚需提交 2023 年年度股东大会审议。现将具体情况公告如下： （二）监事会审议情况 2024 年 4 月 9 日，公司召开第三届监事会第七次会议，审议通过了《关于 2024 年度向银行申请综合授信额度的议案》。经审议，监事会认为：本次申请综合授信 额度是为了满足公司 2024 年度日常生产经营和业务发展的资金需求，同意公司及 纳入合并范围的子公司拟向银行申请合计不超过人民币 13 亿元（含本数）的综合 授信额度，综合授信内容包括但不限于流动资金贷款、银行承兑汇票、票据池 ...

目 录 一、非经营性资金占用及其他关联资金往来情况的专项 审计说明…………………………………………………………第 1—2 页 二、非经营性资金占用及其他关联资金往来情况汇总表 ……………第 3 页 三、资质附件…………………………………………………………第 4—8 页 非经营性资金占用及其他关联资金往来情况的 专项审计说明 天健审〔2024〕8-113 号 重庆溯联塑胶股份有限公司全体股东： 我们接受委托，审计了重庆溯联塑胶股份有限公司（以下简称溯联股份公司） 2023 年度财务报表，包括 2023 年 12 月 31 日的合并及母公司资产负债表，2023 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所有者权 益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们审计了后 附的溯联股份公司管理层编制的 2023 年度《非经营性资金占用及其他关联资金 往来情况汇总表》（以下简称汇总表）。 一、对报告使用者和使用目的的限定 我们的审计是根据中国注册会计师执业准则进行的。中国注册会计师执业准 则要求我们计划和实施审计工作，以对审计对象信息是否不存在重大错报获取合 理保证。在审计过程中，我们 ...

重庆溯联塑胶股份有限公司 董事会审计委员会对 2023 年度会计师事务所履职情况评估及履行监督职责情况的报告 重庆溯联塑胶股份有限公司 董事会审计委员会对 2023 年度会计师事务所 履职情况评估及履行监督职责情况的报告 根据《中华人民共和国公司法》《上市公司治理准则》《国有企业、上市公司选 聘会计师事务所管理办法》《深圳证券交易所上市公司自律监管指引第 2 号——创业 板上市公司规范运作》等法律法规和《公司章程》的有关规定，重庆溯联塑胶股份 有限公司（以下简称"公司"）董事会审计委员会本着勤勉尽责的原则，恪尽职守、 认真履职，现将对天健会计师事务所（特殊普通合伙）（以下简称"天健""天健会 计师事务所"）2023 年度履职评估情况及董事会审计委员会履行监督职责情况汇报 如下： 一、会计师事务所基本情况 （一）基本信息 1、基本信息 | 事务所名称 | 天健会计师事务所（特殊普通合伙） | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 成立日期 | 2011 年 7 18 日 组织 ...

中银国际证券股份有限公司 关于重庆溯联塑胶股份有限公司 2023年度持续督导跟踪报告 | 保荐机构名称：中银国际证券股份有限公司 | 被保荐公司简称：溯联股份 | | --- | --- | | 保荐代表人姓名：于思博 | 联系电话：010-66229317 | | 保荐代表人姓名：汪洋晹 | 联系电话：021-20328991 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 无 | | 2.督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限于 防止关联方占用公司资源的制度、募集资金管理制度、 内控制度、内部审计制度、关联交易制度） | 是 | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 次 3 | | （2）公司募集资金项目进展是否与信息披露文件一致 | 是 | | 4.公司治理督导情况 | | | （1）列席公 ...